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Pool Appoints New Executive Vice President

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Dec. 22 2016, Published 3:54 p.m. ET

Price movement

Pool (POOL) has a market cap of $4.3 billion. It fell 0.44% to close at $105.53 per share on December 21, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -0.25%, 4.6%, and 32.4%, respectively, on the same day. POOL is trading 1.6% above its 20-day moving average, 7.6% above its 50-day moving average, and 12.4% above its 200-day moving average.

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Related ETF and peers

The SPDR S&P 400 Mid-Cap Growth ETF (MDYG) invests 0.59% of its holdings in Pool. The YTD price movement of MDYG was 14.0% on December 21. The market caps of Pool’s competitors are as follows:

  • Home Depot (HD) — $167.6 billion
  • Beacon Roofing Supply (BECN) — $2.9 billion

Latest news on Pool

Peter Arvan has been appointed as Pool’s executive vice president, effective January 3, 2017, and will be responsible for North America line management.

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Performance of POOL in 3Q16

POOL reported 3Q16 net sales of $691.4 million, a rise of 7.1% from the $645.8 million reported in 3Q15. The company’s gross profit margin and operating margin expanded by 33 basis points and 59 basis points, respectively, between 3Q15 and 3Q16.

Its net income and EPS (earnings per share) rose to $44.5 million and $1.03, respectively, in 3Q16, compared with $39.4 million and $0.90 in 3Q15. It reported adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) of $83.0 million in 3Q16, a rise of 15.1% over fiscal 3Q15.

POOL’s cash and cash equivalents and product inventories rose 2.7% and 10.3%, respectively, between 3Q15 and 3Q16. Its current ratio fell to 2.2x, and its debt-to-equity ratio rose to 2.8x in 3Q16, compared with 2.7x and 2.6x, respectively, in 3Q15. The company has projected EPS of $3.40–$3.46 for fiscal 2016. Next, we’ll look at The Coca-Cola Company (KO).

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